reorganization
Seko Logistics Overhauls C-Suite, CEO Out as New Ownership Takes Hold
The 3PL underwent a recapitalization in September, in which existing lenders "assumed majority ownership" of…
Wolverine Sees New Round of Layoffs as It Looks to Further ‘Streamline’
The Rockford, Mich.-based footwear company on Thursday revealed a new global workforce reduction and…
Hanesbrands Workforce Reorg Helps Save $15 Million
The apparel giant "relocated" 250 American jobs to "leverage our talent pool outside the U.S."
Wolverine Hopes Reorg Will Cure What Ailed Sluggish Q3
Inventory congestion hits all-time high for the Michigan footwear company turning 140 next year.
Turmoil at Missguided as CEO Steps Down
The British fashion retailer expects to cut 63 jobs as it explores strategic alternatives.
Belk Bankruptcy Spares All 291 Stores
The department store's Chapter 11 reorg is a tidy, same-day affair.
Belk Plans Chapter 11 Reorg to Eliminate $450M Debt
Suppliers will continue to get paid as Belk pursues a pre-packaged financial restructuring in which Sycamore…
J.C. Penney to Get Holiday Wish: New Owners and Bankruptcy Exit
Along with the exit is a reset of its balance sheet and new financing to pay vendors just in time for the…
JCP Sale Hearing on Track—But One Big Sticking Point Remains
While a sale contract still needs to be finalized, a plan of reorganization is in place and JCP could exit…
True Religion No Longer Under Bankruptcy Cloud
True Religion exited Chapter 11 on Monday, with a restructured balance sheet that lowered both debt and…
Neiman Exits Bankruptcy. Now What?
After several months in bankruptcy purgatory, Neiman Marcus is embarking on a new chapter with billions less…
Ralph Lauren Sheds 3,600 Jobs in Corporate Reorganization
Ralph Lauren Corp. makes good on its CEO's promise to be leaner and more agile in a post-Covid-19 world.
Zac Posen Owner Set to Exit Bankruptcy Next Month
With the reorganization, Centric Brands will swap $700 million in debt for full equity with current lenders…
After Reorg Impacts 1,000 Jobs, DSW Parent Adds Liquidity with New Debt
The company replaced its $400 million revolving credit facility with an equally sized, asset-based revolving…
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